WebPT

WebPT is a Phoenix, Arizona-based company that provides web-based electronic medical record (EMR) systems for physical therapists, occupational therapists, and speech-language pathologists.^[1][2] In addition to its patient documentation software, WebPT offers systems for billing, scheduling, and practice management.^[2] As of December 2022, more than 155,000 rehab therapists across more than 27,000 clinics used WebPT’s system.^[3]

WebPT was named to the Inc. 5000 list of the "fastest-growing private U.S. companies" for nine consecutive years from 2013 to 2021.^[4] The company was also Great Places to Work Certified as of March 2022.^[5]

History

WebPT was founded in 2008 by Heidi Jannenga and Brad Jannenga.^[2] Heidi managed several physical therapy practices, which helped spark the idea for a cloud-based software that would streamline therapists’ documentation processes. ^[6] Today, Heidi remains at the company as co-founder and Chief Clinical Officer and Ashley Glover is its CEO.^[7]

In 2010, the startup received a $1 million funding round from Canal Partners, led by Jim Armstrong.^[8]

To expand its billing system, WebPT acquired Health Data Solutions in 2012, a revenue cycle management business that provided billing services primarily to physical therapists and chiropractors.^[9]

In 2013, WebPT launched the WebPT Marketplace, an e-commerce site with the goal of selling clinical supplies to WebPT customers at reduced rates.^[10]

In June 2014, WebPT received an undisclosed investment from venture capital firm Battery Ventures.^[11] Five months later, WebPT acquired WebOutcomes, an online outcomes tracking tool offering evidence-based tests that physical and occupational therapists use to collect objective patient data.^[12]

In 2017, WebPT acquired Strive Labs, Inc. a Boston-based company that provided patient relationship management and home exercise technology.^[13] The following year in 2018, WebPT acquired Upland, California-based BMS Practice Solutions, a revenue cycle management software company for rehab therapists.^[14]

In August 2019, private equity firm Warburg Pincus signed an agreement to buy a majority stake in WebPT from Battery Ventures.^[15]

In January 2022, WebPT acquired Oregon-based Clincient, another physical therapy EMR software and its subsidiary Keet Health.^[16]

References

External links

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